Ripple President breaks silence on upcoming RLUSD stablecoin’s impact on XRP

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Ripple President breaks silence on upcoming RLUSD stablecoin’s impact on XRP
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Ripple (XRP) President Monica Long recently appeared on The Block Podcasts and addressed XRP trader concerns about the stablecoin’s launch.

Ripple President Monica Long commented on the upcoming stablecoin Real USD and its impact on XRP. Long said stablecoin and XRP are complementary and additive, addressing the concerns over the RLUSD launch. XRP edges higher and holds above $0.47 on Friday. Ripple President Monica Long recently appeared on The Block Podcasts and addressed XRP trader concerns about the stablecoin’s launch. The payment remittance firm’s stablecoin is called Real USD and is slated for launch in 2024.

The red histogram bars on the Moving Average Convergence Divergence momentum indicator supports this bearish narrative. XRP/USDT daily chart If Ripple begins recovery, XRP could climb toward the nearest Fair Value Gap between $0.4825 and $0.4841. Further up, in its rally towards the psychological barrier at $0.50, Ripple faces resistance at $0.4955, the 23.6% Fibonacci retracement of the drop from the March 11 top of $0.7440 to the April 13 low of $0.4188.

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